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Nonprofiteer
← AMERICAN HOUSING PRESERVATION INC

Form 990 for tax year 2023

Filed by AMERICAN HOUSING PRESERVATION INC.

Totals

Total revenue
$12,063
Total expenses
$20,980
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$12,000
Investment income
$63
Other revenue
$0
Total assets, end of year
$3,902,964
Total liabilities, end of year
$1,808
Net assets or fund balances, end of year
$3,901,156
Program services expenses (Part IX)
$17,825
Management and general expenses
$3,155
Fundraising expenses
$0
Program service expenses (Part III)
$17,825

Program services were 85.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 2a · Program service revenue: CONSULTING INCOME

    total $12,000 · related or exempt $12,000

  • 3 · Investment income

    total $63 · excluded $63

Functional expenses

Part IX, the statement of functional expenses.

  • 11c · Fees: accounting

    total $2,910 · management and general $2,910

  • 24a · Other expenses: MISC ADMIN EXPENSES

    total $10,000 · program services $10,000

  • 24b · Other expenses: SUPPORTING SERVICES EXP

    total $7,800 · program services $7,800

  • 24c · Other expenses: TAXES, LICENSES, AND FE

    total $270 · program services $25 · management and general $245

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $10,073 · end of year $2,964

  • 10a · Land, buildings and equipment: cost or other basis

    $3,900,000

  • 10c · Land, buildings and equipment, net

    beginning of year $3,900,000 · end of year $3,900,000

  • 17 · Accounts payable and accrued expenses

    beginning of year $0 · end of year $1,808

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $3,910,073 · end of year $3,901,156

Mission and programs · 2023

Mission

TO CONSTRUCT, ACQUIRE, RENOVATE, MANAGE AND OPERATE AFFORDABLE HOUSING FOR PERSONS OF LIMITED FINANCIAL MEANS INCLUDING QUALIFIED HOUSING FOR MENTALLY AND PHYSICALLY DISABLED PERSONS, AND QUALIFIED HOUSING FOR ELDERLY PERSONS WITHIN THE UNITED STATES AND TO LESSEN THE BURDENS OF GOVERNMENT AND OTHERWISE PROMOTE SOCIAL WELFARE.

  • HOUSING - PROVIDED EDUCATIONAL, SELF-IMPROVEMENT, AND SOCIAL PROGRAMS TO LOW INCOME FAMILIES AND SENIOR CITIZENS RESIDING IN SUBSIDIZED AFFORDABLE HOUSING APARTMENT UNITS.

    Expenses $17,825 · Revenue $12,000

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Melissa Vincent

    VICE PRESIDENT AND TREASURER (NOT A DIRECTOR)

    Total calculated
    $462,110
    From this org
    $0
    From related orgs
    $411,931
    Other
    $50,179
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $389,597 related
    Bonus
    $0 + $19,892 related
    Other
    $0 + $2,442 related
    Deferred
    $0 + $18,087 related
    Nontaxable benefits
    $0 + $32,092 related
    Filer's total
    $0 + $462,110 related

  • Tarun Chandran

    VICE PRESIDENT AND SECRETARY (NOT A DIRECTOR)

    Total calculated
    $660,918
    From this org
    $0
    From related orgs
    $607,540
    Other
    $53,378
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $604,892 related
    Bonus
    $0
    Other
    $0 + $2,648 related
    Deferred
    $0 + $21,998 related
    Nontaxable benefits
    $0 + $31,380 related
    Filer's total
    $0 + $660,918 related

  • Mei Luu

    VICE PRESIDENT AND ASSISTANT SECRETARY (NOT A DIRE

    Total calculated
    $252,253
    From this org
    $0
    From related orgs
    $211,237
    Other
    $41,016
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $211,110 related
    Bonus
    $0
    Other
    $0 + $127 related
    Deferred
    $0 + $10,506 related
    Nontaxable benefits
    $0 + $30,510 related
    Filer's total
    $0 + $252,253 related

  • Meghan Conway

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Ashley Brown

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Adam Knobel

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • Darrin Willard

    PRESIDENT

    Total calculated
    $903,377
    From this org
    $0
    From related orgs
    $828,313
    Other
    $75,064
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $715,223 related
    Bonus
    $0 + $84,777 related
    Other
    $0 + $28,313 related
    Deferred
    $0 + $43,500 related
    Nontaxable benefits
    $0 + $31,564 related
    Filer's total
    $0 + $903,377 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation committee
  • 3 · Form 990 of other organizations
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2023
Filed
21 October 2024
IRS schema version
2023v5.1
Source object
202432969349301183

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